Repeat post. Yawn, nothing unusual, wave 2 up still in force after wave 1 down from 3/21 intermediate TOP.
YAWN.
. Patience is a virtue in a Bear Market.
. 
Bear Market almost ready to resume. .....
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Repeat post. Yawn, nothing unusual, wave 2 up still in force after wave 1 down from 3/21 intermediate TOP.
YAWN.
. Patience is a virtue in a Bear Market.
. Behold such perfect precision in this call, see quote from days ago. Just sheer poetry to behold NATURE in action in its creation of the building blocks of the Universe, namely
THE GOLDEN RATIO
Note where SPY is exactly right NOW. Why of course got reversed exactly at Golden Ratio's 61.8%. And dig this. ..... where did Vix get repulsed today? At 78.6% = Golden Ratio sister. Now Vix did not touch it perfectly yet, but I believe it will go back for a kiss.
Now hear this:
SPY:
So we are 100% on the right road in that Wave 1 down, then wave 2 up. Wave 2 up is in force at this moment.
Now here is a bold bold call:
Wave 2 up started from 3/27 low. Within this wave 2 its clear to see subwaves (i) up, (ii) down, (iii) up and now (iv) sideways down. This subwave (iv) is an internal 4th wave, I believe. If I am correct in calling it subwave (iv) then the Law of Nature says its a PENULTIMATE wave. Which means there will be one more up wave rally to complete subwave (v).
If so, this upcoming subwave (v) can end in the vicinity of 61.8% or can go towards or to her sister, 78.6% at 283.56.
We await Lord Market action.
SPY:
So we are 100% on the right road in that Wave 1 down, then wave 2 up. Wave 2 up is in force at this moment.
Now here is a bold bold call:
Wave 2 up started from 3/27 low. Within this wave 2 its clear to see subwaves (i) up, (ii) down, (iii) up and now (iv) sideways down. This subwave (iv) is an internal 4th wave, I believe. If I am correct in calling it subwave (iv) then the Law of Nature says its a PENULTIMATE wave. Which means there will be one more up wave rally to complete subwave (v).
If so, this upcoming subwave (v) can end in the vicinity of 61.8% or can go towards or to her sister, 78.6% at 283.56.
We await Lord Market action.
%%
Hi; Fibo Trader/Trender.
I traded EEM once, real real liquid+ profit . One of the main reasons, I have not traded it again;
WSJ did an article promoting it, real low PE...... Most of my buys are HI , or real Hi ,PE.
.NOT the best way to track DOW; but I like it-SDOW as a benchmark more or less ;not that SDOW tales the place of the benchmark SPY/S&P 500 LOL
[SDOW loses money/goes down when Dow trends up]Trading lesson in psychology:
As in any endeavor of sustance, one has to put in the time to learn. Learning involves considerable pain & joy. The pain kills almost all. Only the tigers survive and even they take severe blows to the stomach, truly severe blows.
It gets to the point where Fibo can unequivocally state that without PASSION that is infinite in depth, one will get killed in the markets.
And even with this passion one might still get slaughtered
So what is the saving grace for the warrior brimming with passion who has done the work and continues to hungrily do the work, seeking knowledge with such sledgehammer force?
Answer:
Sooner or later the Physical Universe will give in to such a warrior who takes persistence to the level that upsets the Universe's locked gates to such an extent that the doors start to open and you enter. You see, the Physical Universe cannot say No forever to the persistent warrior.
Its a different ballgame from there onwards. YOU are now on only the FIRST rung of the ladder.
Before that you were out there in free space, floundering, lost, bewildered, lonely, frustrated, losing money, etc. Once that first rung is accomplished, it starts. That is Day 1
As in any endeavor of sustance, one has to put in the time to learn. Learning involves considerable pain & joy. The pain kills almost all. Only the tigers survive and even they take severe blows to the stomach, truly severe blows.
It gets to the point where Fibo can unequivocally state that without PASSION that is infinite in depth, one will get killed in the markets.
And even with this passion one might still get slaughtered
So what is the saving grace for the warrior brimming with passion who has done the work and continues to hungrily do the work, seeking knowledge with such sledgehammer force?
Answer:
Sooner or later the Physical Universe will give in to such a warrior who takes persistence to the level that upsets the Universe's locked gates to such an extent that the doors start to open and you enter. You see, the Physical Universe cannot say No forever to the persistent warrior.
Its a different ballgame from there onwards. YOU are now on only the FIRST rung of the ladder.
Before that you were out there in free space, floundering, lost, bewildered, lonely, frustrated, losing money, etc. Once that first rung is accomplished, it starts. That is Day 1
Yo Fibster how goes the shorting game, me li'l buckeroo? Tough slog, n'est-ce pas?
As mtt so eloquently 'splained, short dis one. Ya can't lose!
As mtt so eloquently 'splained, short dis one. Ya can't lose!
I went long at the Wednesday peak at the open, because I believed in the bull. I managed to get out after hours at the very bottom because I felt the bear won. Now I see today, I should have kept my belief in the bull, because the market is right back to where I entered it on Wednesday.
Shifting my loyalty to the bear has burned me, AGAIN.
So no, there is no bear in sight here. Even the dreaded "inverted yield curve" isn't stopping this Angus hunk of Independence-day party meat.
Shifting my loyalty to the bear has burned me, AGAIN.
So no, there is no bear in sight here. Even the dreaded "inverted yield curve" isn't stopping this Angus hunk of Independence-day party meat.
%%
Hi; Fibo Trader/Trender.
I traded EEM once, real real liquid+ profit . One of the main reasons, I have not traded it again;
WSJ did an article promoting it, real low PE...... Most of my buys are HI , or real Hi ,PE.
NOT the best way to track DOW; but I like it-SDOW as a benchmark more or less ;not that SDOW tales the place of the benchmark SPY/S&P 500 LOL
EEM bear rally to Golden Ratio derivative 38.2%. Trendline (white) is creaking and cracking.
But wait. It could have more
Correct!
My take: could have something to do with 50, 100, 200. . why they work so well as moving averages esp the CNBC favorite 50 x 200
But it is included with gang, 23.6%, 38.2%, 61.8% due to the uncanny tendency of many instruments to retrace up to there and reverse without going to Golden 61,8%.
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